Month: August 2017

Malta Restores Forgotten War Rooms, Hewn into the Rocks in WWII

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In a vast network of tunnels carved into the rocks under the Maltese capital Valletta, faded maps of the Mediterranean hint at the place’s role in directing key battles in World War II.

Malta is now restoring the 28,000 square meters (300,000 square feet) of tunnels, planning to open a huge section to the public.

The compound, hidden under the picturesque port city perched on cliffs above the sea, was built by the British and served as the staging ground for major naval operations. The British military withdrew in 1979 and the compound was abandoned for almost 40 years.

German and Italian forces bombarded Malta intensively between 1940 and 1942 to try gain control of the Mediterranean, but did not manage to force the British out. During the Cold War, the tunnels were used to track Soviet submarines.

Over the years, water and humidity have let rust and mold spread. Some rooms have been vandalized, but traces of the military apparatus that once occupied the complex still remain.

Military cot beds, tangled cables and dust-covered rotary phones litter the rooms.

The Malta Heritage Trust, a non-governmental preservation group, began the multi-million-dollar restoration of the site in 2009.
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Big, Toothy Fish Found in Nevada Chomped Prey Like Sharks

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A fossil found in northeastern Nevada shows a newly discovered fish species that scientists believe looked, and ate, like a shark.

 

The fossil is what remains of a bony, sharp-toothed fish that would have been about six-feet-long (1.83 meters) with long jaws and layers of sharp teeth.

 

The type of jaw and teeth on the fish suggest it would have chomped down on its prey before swallowing it whole, like a shark, the Reno Gazette-Journal reported.

 

“The surprising find from Elko County in northeastern Nevada is one of the most completely preserved vertebrate remains from this time-period ever discovered in the United States,” said Carlo Romano of the University of Zurich, lead author of a Journal of Paleontology article about the find.

The fish, which researchers called Birgeria americana, predates Nevada’s most famous fossil, the Ichthyosaur, by more than 30 million years. The Ichthyosaur was a 55-foot-long (16.76 meters) reptile. One of the largest concentrations of Ichthyosaur fossils was found near Berlin, Nevada. The find led to the Ichthyosaur becoming Nevada’s state fossil.

The Birgeria americana fossil finding is important because it sheds light on how quickly large, predator species evolved following the Earth’s third mass extinction that preceded the Triassic period about 250 million years ago.

 

The evidence shows the fish was alive and well about 1 million years after mass extinction 66 million years ago wiped out an estimated 90 percent of marine species.

 

It also shows a large fish was surviving in water previously thought to be too warm to support such life.

 

At the time, water near the equator, which is where land that became Nevada was positioned about 250 million years ago, could have been warmer than 96 degrees. “The eggs of today’s bony fish can no longer develop normally” at such a high temperature, researcher said.

 

Researchers learned of the fossil about five years ago after fossil collector Jim Jenks of West Jordan, Utah, stumbled upon it near Winecup Ranch north of Wells.

 

“It was just a very lucky find,” said Jenks, who was credited among the paper’s authors. “I happen to notice the teeth glinting in the sun. That is what caught my attention.”

 

Jenks turned the fish over to the New Mexico Museum of Natural History and Science, which has a large collection of fossils and connections with leading researchers.
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A Picture and Its Story – Spacecraft Blast Off on Edge of Day and Night

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For more than a decade, Shamil Zhumatov has photographed spacecraft taking off from Kazakhstan’s Baikonur cosmodrome. After dozens of launches, he says the challenge is to find new and better ways of taking pictures.

The Soyuz spacecraft which blasted off on July 28 carried NASA astronaut Randy Bresnik, Russia’s Sergey Ryazanskiy, and Italy’s Paolo Nespoli to the International Space Station.

“Most launches lately have taken place in during the daytime, and this one was special, happening on the edge of day and night, about 20 minutes after sunset,” Shamil said.

It was already dark on the ground, but the upper layers of the atmosphere were still lit by sun, which created an unusual contrast — and additional technical difficulties.

“I had to change my camera settings from night-time to daylight ones quickly as I shifted from shooting the launch pad to the flying spacecraft,” Shamil says.

Photographers don’t have a choice of location at Baikonur — everyone shoots from the same position, about 1 km (mile) from the launch pad. Only remotely controlled cameras can shoot from closer distances — and Shamil’s routinely gets damaged by rocks which fly in all directions during blast-off.  

After the rocket lifts off, photographers keep tracking it until it disappears from sight. A few minutes into the flight, the rocket sheds its four boosters as they exhaust their liquid fuel and can no longer propel the craft.

In daytime, they can be only seen as four tiny dots.

But on July 28, because the unusual lighting made Soyuz’s condensation trail — clouds formed by engine exhaust — very bright, it was easy to see the cross-shaped pattern formed by the discarded boosters.

“I snapped the picture after the boosters separated,” Shamil says. “From the earth, it looks like a rather slow process.”

Soyuz’s contrail and further stage separations that day could be seen for hundreds of kilometers and sparked rumors and speculation on social media, especially among UFO enthusiasts.

Shamil says he cannot remember exactly how many launches he has photographed, but reckons he has seen at least 50 crews off from Baikonur or met them as they returned to earth.
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New Video Games Tackle Social Injustice Issues

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You’re in Nepal.

A 7.8 magnitude earthquake has just struck your village and you must rescue the survivors.

 

This is “After Days,” a video game based on the real-life Nepal earthquake that killed almost 9,000 people in 2015.

Minseok Do was showing the game at the recent Games for Change festival in New York City. The games on display were a far cry from “Mario Brothers” and “Call of Duty.” These developers featured titles that tackled civic and social issues.

Public consciousness about civic and social issues has long been raised by the news and entertainment industries in the United States and other parts of the world, and now video game creators are making their own statements and hoping to reach the younger digital generation in the process.

In “After Days,” players take on the role of Ahsha, a young Nepalese woman who attempts to rescue her neighbors in the aftermath of the massive earthquake.

“Other media, such as novels and movies, require consumers to use their imagination to understand characters’ emotions,” said Do, CEO of GamBridzy. “Games have players be in characters’ shoes by letting them command and control. It is in my opinion the most powerful platform.”

In the game, players carry out various missions like transporting injured victims in stretchers and coordinating with rescue teams to restore critical infrastructure.

The first episode is set in Sindhupalchok, one of the hardest-hit districts of the earthquake in Nepal.

“Some say it will take about 10 years to complete all the restoration, but international attention is not focused on this, and it is important that we show our interest and support,” said Do. Twenty percent of proceeds from game sales will go toward rebuilding efforts.

Elin Festøy, a producer from Norway, also was in New York to promote her game.

“We really wanted to create attention and awareness around children born of war … children being born of the most hated soldiers in the world,” said Festøy.

She and her team created “My Child Lebensborn,” a mobile game in which players are the caretakers of World War Two-era children from the Lebensborn project, an attempt by the Nazi regime to create an Aryan “master race.”

Lebensborn involved child kidnappings as well as anonymous births by unwed mothers in and outside of Germany, with their offspring adopted by German families.  After the war, many Lebensborn children faced prejudice and discrimination, even from their own mothers.

“It’s about being able to see children as children and not as symbols of [the] enemy,” said Festøy.

“My Child Lebensborn” is targeted at players aged 13 and up. Recognizing that 13-year-olds might not exactly run to play the game, one of the team’s goals includes creating a bundle for schools that includes both the game and an accompanying film on the Lebensborn project.

 

Video games at the Games for Change festival didn’t shy away from difficult or touchy topics. Indeed, they were a vehicle for discussion and dialogue.

“The problem in a lot of developing countries is that people do not talk about issues. People do not want to share their problems out of embarrassment,” said Dr. Ilmana Fasih, a director at ZMQ.

The New Delhi-based consulting company developed “YourStoryTeller,” a mobile app that is less video game than a digital narrative.

User-contributed stories are transformed into comic strips. Each week, a new story addresses women’s issues in India, a country where patriarchal attitudes are common.

In one example, a young woman’s studies are disrupted for an arranged marriage that takes her from India to Canada, where she is physically abused by her new husband.

Fasih acknowledged the stories are definitely not of the Disney fairytale variety, and they definitely have a point of view.  

“Kids grow up watching those stories. We want kids to grow up watching these stories where there are struggles,” said Fasih. “A young boy is able to understand what are the struggles that his mom, his sisters go through. That is probably one of the best ways to defeat patriarchy.”

 

 
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Hong Kong ‘Smart’ Ring Aims to Help Visually Impaired

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A voice in your ear at the touch of a hand?

The Orii ring allows people to take phone calls, handle text messages and interact with a phone’s digital assistant, all by transferring sound to a user’s ear through bone conduction.

The ring, designed by Hong Kong-based start-up Origami Labs, was inspired by Peter Wong, the visually impaired father of the firm’s co-founder Kevin Wong.

“As a visual-impaired person, I rely on the software on the smartphone to read the icons, the texts to me,” said Peter Wong, who is a technical adviser for the ring.

A key feature ensures that only the user can hear the information conveyed by the ring.

“Can you imagine it reading out your password? That’s inconvenient and inappropriate,” Peter Wong said.

What began as a Kickstarter project has become the latest example of wearable, screen-free technology.

“We want to keep our heads up, we want to be able to stay more in the moment,” said Kevin Wong, 29, who set up Origami Labs in November 2015 with three friends from university.

The tech wearable market grew 51 percent in Asia last year, according to consumer research firm GfK. The overall industry is expected to be worth $34 billion globally by 2020, research provider CCS Insight has said.

The Orii ring is expected to reach the commercial market by February.
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Hit Song, Hit Video: ‘Despacito’ Sets YouTube Record

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The music video for the No. 1 hit song Despacito has a new record — it’s become the most popular clip on YouTube of all-time with more than 3 billion views.

YouTube announced Friday that Luis Fonsi’s ubiquitous song with Daddy Yankee has surpassed previous record holder See You Again, the song by Wiz Khalifa and Charlie Puth from the Furious 7 soundtrack.

Despacito became an international smash hit this year, topping the Billboard Hot 100 chart. The record-breaking video does not include the popular remix with Justin Bieber; that version has been viewed more than 464 million times.

The video is also the most liked video on YouTube.
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LED Smart Shoes Turn Feet into Glowing Displays

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There are smart phones, smart light bulbs, and now smart shoes. A Japanese engineer has created LED footwear that become glowing computer displays. And even though there are other shoes on the market that glow, these shoes step it up a notch, as we hear from VOA’s Deborah Block.
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Cuba to Shut Down Fast-growing Accounting Cooperative

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Cuban authorities have ordered the closure of one of the island’s fastest-growing cooperatives, days after announcing that they would stop issuing new permits for some private enterprise.

Scenius, which provides accounting and business consulting services, will have until December 31 to liquidate, the cooperative’s founder and director, Luis Duenas, told The Associated Press on Saturday.

Duenas said the Ministry of Finances and Prices told him the decision to close Scenius was “based on an analysis of our social purpose, or of the activities that we have approved.”

Duenas called the decision an “error” that has no place in the policy of economic opening announced by Cuban officials.

On Tuesday, Cuba’s government said it would suspend the issuance of permits for a range of occupations and ventures, including restaurants and renting out rooms in private homes.

The suspension included the growing field of private teachers as well as street vendors of agricultural products, dressmakers and the relatively recent profession of real estate broker. The announcement did not say when the issuing of permits would resume and said that enterprises already in operation could continue.

Expansion in 2010

President Raul Castro expanded an opening of the economy to private-sector employment in 200 categories of business in 2010. The government says nearly 570,000 people are employed in the enterprises, including hundreds of restaurants and guest houses. It later also legalized nonagricultural cooperatives.

Both recent moves have created fears that Cuba is putting the brakes on plans to reform its centrally planned economy, though officials say the country is not going back on its economic opening.

Duenas regretted that Scenius’ closing occurred days after the package of restrictions on independent work.

“There are many ways to do things, timing is very important, and the country is greatly affected by these things,” Duenas said.

Scenius began in January 2015 with two or three partners and in two years had more than 200. All its 70 clients are state-owned enterprises or business groups in agriculture, industry and communications.

According to official figures, there are more than 400 nonagricultural cooperatives in Cuba.
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UK Ready to Pay Up to 40B Euros to Leave EU, Newspaper Reports

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Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain’s negotiating strategy.

The European Union has floated a figure of 60 billion euros and wants significant progress on settling Britain’s liabilities before talks can start on complex issues such as future trading arrangements.

The government department responsible for Brexit talks declined to comment on the Sunday Telegraph article. So far, Britain has given no official indication of how much it would be willing to pay.

The newspaper said British officials were likely to offer to pay 10 billion euros a year for three years after leaving the EU in March 2019, then finalize the total alongside detailed trade talks.

Payments would be made only as part of a deal that included a trade agreement, the newspaper added.

“We know ([the EU’s] position is 60 billion euros, but the actual bottom line is 50 billion euros. Ours is closer to 30 billion euros but the actual landing zone is 40 billion euros, even if the public and politicians are not all there yet,” the newspaper quoted one “senior Whitehall source” as saying.

Whitehall is the London district where British civil servants and ministers are based.

‘Go whistle’

A second Whitehall source said Britain’s bottom line was “30 billion euros to 40 billion euros,” and a third source said Prime Minister Theresa May was willing to pay “north of 30 billion euros,” the Sunday Telegraph reported.

David Davis, the British minister in charge of Brexit talks, said on July 20 that Britain would honor its obligations to the EU but declined to confirm that Brexit would require net payments.

British Foreign Secretary Boris Johnson, a leading Brexit advocate, said last month that the EU could “go whistle” if it made “extortionate” demands for payment.

Last week, the Bank of England said Brexit uncertainty was weighing on the economy. Finance Minister Philip Hammond wants to avoid unsettling businesses further.

If Britain cannot conclude an exit deal, trade relations would be governed by World Trade Organization rules, which would allow both parties to impose tariffs and customs checks and leave many other issues unsettled.

The EU also wants agreement by October on rights of EU citizens already in Britain, and on border controls between the Irish Republic and the British province of Northern Ireland, before trade and other issues are discussed.
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Kenyan Elections Observation Group Deploys Technology to Help Monitor Polls

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Kenya’s Elections Observation Group (ELOG) plans to deploy about 5,000 observers to monitor Tuesday’s vote. ELOG also will use Parallel Vote Tabulation (PVT) to monitor the presidential election.

The Elections Observations Group, (ELOG) which is made up of civil society and faith-based organizations, met Saturday in Kenya’s capital, Nairobi, and said it will deploy about 5,700 election observers. Of those, approximately 1,700 observers also will monitor the elections using Parallel Vote Tabulation (PVT).

 

Simon Wanjiru, the PVT Manager at ELOG, says the group is non-partisan, so its election observers will give independent and authentic results. ELOG began monitoring elections in Kenya in 2010.

​Wanjiru adds that the system will be used as a monitoring mechanism to flag irregularities.

 

“We want to increase the confidence of the public in the elections and also we want to remove any uncertainties on the people, and they need to believe that now the systems have been done right and we will be able to show if they have been done correctly by the commission,” he said.

 

ELOG officials say PVT works in five steps. In the first stage, observers go to polling stations and verify whether they have network coverage. Once this is verified the second step entails the observer filling out a simulation form and sending it to the data center. This ensures the observer understands the process of reporting via text message or SMS.

The third step involves the message check, where the data base receives the texts and checks for any errors in answering. The fourth step involves the data reporters contacting observers who have not yet reported, and troubleshoots. The fifth and final step includes a data-quality check where errors and inconsistencies are flagged by the database automatically.

 

Wanjiru says the monitoring group will abide by constitutional mechanisms in a scenario where results are withheld.

 

“It’s only the IEBC, [Independent Electoral and Boundaries Commission], which is mandated to release the results, but for ELOG we only do the verification so we cannot verify before they have released,” he said. “Remember the constitution says the IEBC has to release the results in seven days. In case it goes beyond seven days, we don’t just say we are going to release but we will compel, we have a court. And we can use the other CSOs [Civil Society Organizations], who can now help beef up and compel the IEBC to have the results out then we can verify.”

Joyce Majiwa, of the Institute for Education in Democracy, (IED) spoke to VOA on the sidelines of the press conference.

According to Majiwa the IED seeks to nurture democracy and good governance in Kenya and Africa. She further notes that the key areas in Tuesday’s polls include electoral rules violations, among others. Majiwa adds that the monitoring will improve systems for future elections.

 

“We will make recommendations for future preparedness, we can make recommendations if there are violent areas especially women and girls. We can make recommendations for prosecution. We will have to follow up whether prosecutions are happening, and we will make recommendations to political parties as well.”

In 2013, ELOG monitored the elections in Kenya and projected President Uhuru Kenyatta’s victory at 49.7 percent, while the official figures from IEBC stood at 50.07 percent.

Kenya is scheduled to vote August 8.

 

 

 
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Mississippi Nissan Workers Reject Union

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Supporters of the United Auto Workers say they’re not giving up their fight to unionize a Nissan auto assembly plant in Mississippi after a stinging defeat, even as UAW opponents say Friday’s loss proves workers don’t want the union.

More than 62 percent of workers voting in a two-day election at Nissan Motor Co.’s Canton plant voted against the UAW, with 2,244 ballots against the union according to the National Labor Relations Board. Voting for union representation were 1,307 workers, or 38 percent.

“They know we didn’t need it,” said Nissan worker Kim Barber, an outspoken union opponent who said she was celebrating Friday’s result. “We didn’t need outside interference coming into our plant.”

UAW defiant

Amid tears at a union office near the plant just north of Jackson, UAW supporters voiced defiance, with some calling for the election to be rerun after the minimum six-month wait. The union filed charges moments before the polls closed Friday night making new allegations that Nissan had broken federal labor law and intimidated workers into voting “no.” If the labor board agrees, it could order a new election at the plant.

“It hurts,” said union supporter Phillip White. “We ran against a machine; we ran against a monster; we ran against all the lies.”

The UAW has never fully organized an international automaker in the traditionally anti-union South, although it did persuade some maintenance workers to join at a Volkswagen AG plant in Tennessee. The UAW’s lack of influence among southern autoworkers has reduced its bargaining power when Detroit automakers lose market share and close plants. After pouring resources into the organizing drive at Nissan, this loss could leave UAW leaders with tough decisions.

Odds of success 

“The result of the election was a setback for these workers, the UAW and working Americans everywhere, but in no way should it be considered a defeat,” UAW President Dennis Williams said in a statement.

Kristen Dziczek of the Center for Automotive Research said that although the UAW was the underdog, odds were unlikely to improve soon, as President Donald Trump’s appointees take over the National Labor Relations Board. A corruption scandal involving union employees allegedly taking bribes from a former Fiat Chrysler executive also threatened to spread.
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Hardy Antarctic Plants and Their Sunscreen Potential

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The World Health Organization reports that there are 2 to 3 million cases of melanoma skin cancer reported every year. Sunscreen is a big part of preventing these cancers, but chemical laden sunscreens have their drawbacks. That’s why scientists are scouring the natural world to understand how plants protect themselves from damaging ultraviolet rays. VOA’s Kevin Enochs reports.
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Rocks Are Star Attraction at Utah National Parks

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The Western state of Utah is home to stunning red rock formations shaped by geological forces over millions of years. Some of the most beautiful are at five of the state’s most popular national park sites, known as “The Mighty 5.” At Arches National Park alone, there are more than 2,000 natural sandstone arches, making up the world’s largest collection. National parks traveler Mikah Meyer shared highlights of his visit to Arches, and two other Mighty 5 sites, with VOA’s Julie Taboh.
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New Yorkers Turning Food Scraps into Energy

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Around the world, large cities generate huge amounts of unusable food and other organic waste. While some is recycled into compost, most goes into landfills, and that is wasting a potential source of energy. A pilot project started about three years ago in New York City is adding food scraps to the existing wastewater treatment plant to be turned into biogas, and residents have embraced it with enthusiasm. VOA’s George Putic reports.
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Boosting Labor Participation Rate for Women Key to Healthy Economy

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The U.S. job market exceeded expectations last month adding 209,000 new workers to the economy in July and lowering the national unemployment rate to 4.3 percent. But wages continue to underperform, as did the nation’s labor participation rate. Economists say that’s because millions of working-age Americans are choosing to remain on the sidelines, some going back to school, others staying at home to take care of their families. Why does that matter? Mil Arcega explains.
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US Formally Withdraws From Paris Climate Agreement

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The United States has officially informed the United Nations that it intends to pull out of the Paris climate agreement, but it left open the possibility of re-engaging if terms of the deal become more favorable.

The State Department said Friday that it would continue to participate in international climate change negotiations during the withdrawal process, which is expected to take at least three years.

It said in a statement that U.S. participation in the negotiations would “protect U.S. interests and ensure all future policy options remain open to the administration.”

“The United States supports a balanced approach to climate policy that lowers emissions while promoting economic growth and ensuring energy security,” it said.

The department said President Donald Trump was “open to re-engaging in the Paris Agreement if the United States can identify terms that are more favorable to it, its businesses, its workers, its people and its taxpayers.”

‘Very unfair’

Trump announced his decision to withdraw from the climate accord in June, saying the deal was “very unfair at the highest level to the American people.” He argued the deal would have cost trillions of dollars as well as hurt American businesses and jobs in the energy and manufacturing sectors.

News of the decision was greeted with strong protests from the environmental community, and the mayors of some of the largest U.S. cities vowed to remain faithful to the accord, regardless of what the Trump administration did.

The United States agreed to the 2015 climate agreement under former President Barack Obama. Under the deal, the United States pledged to reduce greenhouse gas emissions by 26 to 28 percent below 2005 levels by 2025.
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Cyber Concerns Prompt Army to Stop Using Chinese-made Drones

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The U.S. Army has ordered its members to stop using drones made by Chinese manufacturer SZ DJI Technology Co Ltd because of “cyber vulnerabilities” in the products.

An Aug. 2 Army memo posted online and verified by Reuters applies to all DJI drones and systems that use DJI components or software. It requires service members to “cease all use, uninstall all DJI applications, remove all batteries/storage media and secure equipment for follow-on direction.”

The memo says DJI drones are the most widely used by the Army among off-the-shelf equipment of that type.

DJI said in a statement that it was “surprised and disappointed” at the Army’s “unprompted restriction on DJI drones as we were not consulted during their decision.”

The privately held company said it would contact the Army to determine what it means by “cyber vulnerabilities” and was willing to work with the Pentagon to address concerns.

Analysts at Goldman Sachs and Oppenheimer estimated in 2016 that DJI had about 70 percent share of the global commercial and consumer drone market. Goldman analysts estimated the market, including military, to be worth more than $100 billion over the next five years.

The Army was considering issuing a statement about the policy, said Army spokesman Dov Schwartz.

The move appears to follow studies conducted by the Army Research Laboratory and the Navy that said there were risks and vulnerabilities in DJI products.

The memo cites a classified Army Research Laboratory report and a Navy memo, both from May as references for the order to cease use of DJI drones and related equipment.
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Domestic Investors Flock to Indian Stocks as Gold, Real Estate Lose Luster

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Rajeev Sakhuja has kept a hectic schedule in recent months as he makes scores of presentations in Delhi and surrounding towns about why and how to invest in equities.

The investment adviser has an attentive audience as traditional avenues of gold and real estate lose their luster and as stock markets trade at record highs. Tens of thousands of ordinary Indians are now investing more money into mutual funds.

“That old-fashioned investment, people are not interested. So where should they switch, where to invest, what to do, nobody has any clue,” said an upbeat Sakhuja, whose firm, PTIC India, is doing brisk business.

India’s stock markets have been among Asia’s top performers this year. The benchmark BSE Sensex has gained more than 16 percent since the start of the year, buoyed by optimism about the world’s fastest-growing economy. But unlike the past, when foreign investors were at the helm of a bull run, there has been a huge pickup in domestic investment.

That’s good news, say economists. The government has long fretted that most of the country’s household savings go into unproductive assets such as gold and real estate and has been trying to nudge domestic investors toward channeling more of their savings into equities, a source of corporate finance.

There is a huge market to be tapped. The total investment of Indian household savings into stocks is much smaller compared with those in many other countries.

Gaurav Mehta, portfolio manager at Ambit Investment Advisors in Mumbai, said the rising interest of domestic investors is part of a structural shift that signals a more modernizing and transparent economy.

“Till five, six years ago, physical assets were a good two-thirds of all household savings,” Mehta said. “That ratio now has swung in favor of financial assets.”

‘More formalized’ savings

The trend has been accelerated by a crackdown on the black economy. Last November, the government banned high denomination notes in a bid to flush out illegal cash.

“As savings become more formalized, then obviously you don’t need to park them in spurious places like land, real estate, et cetera,” Mehta said. “So a lot of this money is now moving into financial assets.”

And to tap that market, the mutual fund industry is reaching out to potential investors through television advertisements, social media and billboards, pitching the funds as attractive alternatives.

The sales pitch is not difficult: In the last four years, the Sensex has climbed 60 percent, whereas gold has fallen by 5 percent, real estate markets are down sharply and declining bank interest rates cannot keep pace with inflation. And the government is offering favorable tax policy for investors in mutual funds.

Most small investors are opting for mutual funds, hoping to grow their savings to beat inflation.

After hearing from friends about investment avenues in stock markets, Kumar Gautam, 31, opted for a $50 monthly plan. “Bank interest rates were coming down 4, 5, 6 percent … people told me to opt for a monthly plan. I will have tax savings and get better returns,” he said.

Some, like Bharti Gupta, 33, have been bolder and chosen to trade directly in stocks. “I studied some books, there are courses also that I joined, and there is a WhatsApp group that I have joined, which has some 150 to 200 people, so that is also quite helpful.” She said she had been able to make her investment grow quite well.

And whereas most investors lived in big cities in the past, small-town residents are also investing in equities now.

Vidya Bala, head of research at FundsIndia.com, said one-third of the firm’s customers now are from outside the country’s 15 big cities.

According to Bala, even in very remote places where there are no financial firms or mutual fund offices, people are investing online. “People who are away from the happening cities can also have access to good, regulated products as long as they are digitally aware. This is really set to take off,” Bala said.

Reassurance

Economists say the greater participation of domestic investors is also reassuring for a country that has long worried about the predominant role of foreign money in equities, because that used to play a decisive role in the movement of stock markets.

Meanwhile, ordinary, first-time investors are simply keeping their fingers crossed, hoping that stock markets will continue to do well in the long run and that their investments will be safe.
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New York Crushes Millions of Dollars’ Worth of Illegal Ivory

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As many as 100 elephants are being killed every day for their tusks, according to the United Nations. The United States implemented a near-total ban on the commercial trade of African elephant ivory last year, and in New York this week, conservation groups gathered to destroy merchandise that came from the illegal ivory trade. Faith Lapidus narrates this report from VOA’s Kevin Enochs.
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WHO: Nearly 900,000 Children in Nigeria Receive Anti-malaria Drugs

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The World Health Organization reports it has provided anti-malaria drugs to nearly 900,000 children in areas in northeast Nigeria formerly held by Boko Haram militants.

The effort is part of a new strategy to tackle malaria, a major killer of children younger than 5 years old. The director of WHO’s Global Malaria Program, Pedro Alonso, tells VOA the agency has completed the first round of an emergency approach to stop the disease.

Alonso estimates about 10,000 lives will be saved by providing anti-malaria drugs to the same 900,000 children every month until November, when the period of high transmission will be over.

He says the drug clears the parasites that might already have invaded a child’s system and provides protection for three to four weeks.

“By repeating this operation to the same children every month over the next four or five months, which is the high transmission area,” Alonso said, “we may potentially — unfortunately, it will not be perfect and therefore we will not be able to stop all deaths — but, we should be able to have a massive impact in terms of prevention of disease and death in that specific population group, which is the highest risk group and where mortality concentrates.”

WHO estimates there are more than 8,000 cases of malaria every week, including seven deaths, among northeastern Nigeria’s population of 3.7 million people. There are an estimated 1.1 million children aged three months to five years in the region.
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